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Arizona Form

2011 Arizona Amended Corporation Income Tax Return

120X

Consolidated Return Election

Obtain additional information or assistance by calling one of

the numbers listed below:

The common parent of an affiliated group of corporations that

files a federal consolidated return may elect to file an Arizona

Phoenix

(602) 255-3381

consolidated return. The common parent must make the

From area codes 520 and 928, toll-free

(800) 352-4090

election by the due date, including extensions, for filing the

Hearing impaired TDD user

original return. A taxpayer may file the 2011 Form 120X to

Phoenix

(602) 542-4021

change its method of filing to consolidated for the taxable

From area codes 520 and 928, toll-free

(800) 397-0256

year 2011 only if the 2011 Form 120X is filed by the due

Obtain tax rulings, tax procedures, tax forms and instructions,

date, including extensions, of the taxpayer's 2011 Form 120.

and other tax information by accessing the department's

Refer to the 2011 Form 120 instructions for more information

Internet home page at

about the requirements for the election to file on a

consolidated basis.

General Instructions

Required Attachments to Form 120X

Attach any schedules, forms, and/or statements which are

Use of 2011 Form 120X

necessary to fully explain and substantiate the change(s).

Use the 2011 form to amend only the 2011 Form 120 or

(

CHANGING THE ARIZONA APPORTIONMENT RATIO

FOR AIR

Form 120A, as originally filed, or as it was later adjusted by

)? Attach Schedule ACA.

CARRIERS

an amended return, Department of Revenue correction notice,

or an audit, whichever is latest.

? Attach a

EPORTING FEDERAL AMENDED RETURN CHANGES

copy of the amended return with all applicable schedules.

File an amended return for a prior taxable year on the Form 120X

for that taxable year. Do not use the 2011 Form 120X to file

? Attach a copy of the

EPORTING FINALIZED RAR CHANGES

an amended return for a prior taxable year.

RAR with all applicable schedules.

NOTE: If you need to amend a year prior to 2011, Form

(

CHANGING THE ARIZONA METHOD OF FILING

INFORMATION

120X for prior years are available on the department's

D)?

Complete

Form

51,

Combined

QUESTION

website at

Consolidated Return Affiliation Schedule, according to the

Form 51 instructions and attach it to Form 120X.

If an amended return is filed for a taxable year prior to 2004,

attach a copy of the original Arizona return.

Rounding Dollar Amounts

Taxpayers must round amounts to the nearest whole dollar. If

When to File Form 120X

50 cents or more, round up to the next dollar. If less than 50

Form 120X may be filed only after the taxpayer has filed its

cents, round down.

original tax return (Form 120 or Form 120A) for the taxable

year 2011. Generally, Form 120X must be filed within four

Specific Instructions

years after the date the original return was due or after the date

that the taxpayer filed it, whichever was later.

Type or print the required information in the name, address,

and information boxes on the top of page 1. If this is a

Do not file an amended return until the original return has been

consolidated return, enter the common parent corporation's

processed.

name and address. The name for a consolidated return should

Reporting of Federal Amended Return Changes or

include the phrase "and affiliates." If this is a combined

Finalized Revenue Agent Report (RAR)

return, enter the name and address of the corporation under

which the group is filing. The name for the combined return

A taxpayer who files an amended return with the Internal

should include either the phrase "and unitary affiliates" or

Revenue Service must file an Arizona amended return within

"and unitary subsidiaries," whichever is applicable.

90 days of its final determination by the IRS.

Indicate the period covered by the taxable year, and whether

The taxpayer must report changes or corrections of the taxpayer's

the taxable year is a calendar year or a fiscal year.

taxable income by the Internal Revenue Service or as the result of

Information question A: If the correct box

WAS NOT CHECKED

renegotiation of a contract or subcontract with the United States to

on the 2011 Form 120, information question B, indicate the

the department. The taxpayer must, within 90 days after the final

correct method of filing by checking the appropriate box.

determination of the change or correction, either:

Explain the correction on the 2011 Form 120X, Schedule E.

 File a copy of the final determination with the department,

If the correct box

on the 2011 Form 120,

concede the accuracy of the determination or state any errors,

WAS CHECKED

information question B: (i) do not check any boxes for

and request the department to recompute the tax owed to

information question A and (ii) answer information question

Arizona; or

D, if Form 120X is being filed to change the Arizona method

 File an amended return as required by the department.

of filing.

The department may require the taxpayer to file an amended

Information question B: Check the Arizona adjustments

return if the department does not have the necessary information

only box if the amended return is being filed to report only

to recompute the tax owed to Arizona.

Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2011

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